DSC1630 Assignment
1 (COMPLETE
ANSWERS) Semester 2
2024 (234521)- DUE 8
August 2024 ; 100%
TRUSTED Complete,
trusted solutions and
explanations.
ADMIN
[COMPANY NAME]
, DSC1630 Assignment 1 (COMPLETE ANSWERS) Semester 2
2024 (234521)- DUE 8 August 2024 ; 100% TRUSTED
Complete, trusted solutions and explanations.
Question 1 Not yet answered Marked out of 1.00 QUIZ You
have invested R1 500 in an account earning 6,57% simple
interest. The balance in the account 16 months later is a. R1
636,94. b. R2 814,00. c. R1 631,40. d. R1 644,02. Clear my
choice DSC1630-24-S2 Welcome Message Assessment 1
Question 2 Not yet answered Marked out of 1.00 QUIZ If
money is worth 12% per annum compounded monthly, how
long will it take the principal P tobecome four times the original
value? a. 11,61 years b. 7,27 years c. 69,66 years d. 139,32 years
Clear my choice DSC1630-24-S2 Welcome Message
Assessment 1 Question 3 Not yet answered Marked out of 1.00
QUIZ An effective rate of 29,61% corresponds to a nominal
rate, compounded weekly, of a. 26,00%. b. 34,35%. c. 29,61%.
d. 29,53%. Clear my choice DSC1630-24-S2 Welcome
Message Assessment 1 Question 4 Not yet answered Marked
out of 1.00 QUIZ Peo needs R30 835,42 to buy a second hand
trailer. Approximately how long will it take him to save towards
this amount if he deposits R25 000now into a savings account
earning 10,5% interest per year compounded weekly? a. 24
weeks b. 52 weeks c. 104 weeks d. 2 weeks Clear my choice
DSC1630-24-S2 Welcome Message Assessment 1 Question
5 Not yet answered Marked out of 1.00 QUIZ Enele invests an
amount of money in an account earning 13,88% interest per
year, compounded weekly. After fi ve years, this amount
hasaccumulated to R50 000. The amount that was invested